The TSX Venture Exchange has accepted for filing an agreement dated Aug. 22, 2023, between the company and two arm's-length parties. Pursuant to the terms of the agreement, the company may acquire two existing royalties from the vendors for consideration of $10-million (U.S.), payable in 11,111,111 common shares of the company at a price of $1.20 per share. The royalties include an aggregate 0.68-per-cent net smelter return royalty on the Cactus project in Arizona and a 0.5-per-cent gross revenue royalty on the Nyanga project in Gabon.

The company is not paying a finder's fee.

For further details, please refer to the company's news releases dated Aug. 23, 2023.